Homebuyers should think about buying their first home in Boulder, CO, as it is ranked the best housing market for growth and stability by a recent Smart Asset report. According to their findings, the odds of a major drop in home prices are 0 percent in the city, while properties have increased 268 percent in price in the last 25 years. Metro cities in both Colorado and Texas make up a majority of the top ten housing markets.
“The Best Housing Markets for Growth and Stability in 2019” report analyzed 25 years of home-value data for 358 metropolitan areas nationwide from the Federal Housing Administration. Metro areas were ranked based on overall home price growth and the probability that a homeowner would experience a price decline of 5 percent or more within a decade after their property purchase.
Top 10 Housing Markets for Growth & Stability
- Boulder, CO
- Midland, TX
- Austin-Round Rock-Georgetown, TX
- Fort Collins, CO
- Bismark, ND
- San Francisco-San Mateo-Redwood City, CA (Tied for 6)
- San Jose-Sunnyvale-Santa Clara, CA (Tied for 6)
- Denver-Aurora-Lakewood, CO
- Houston-The Woodlands-Sugar Land, TX
- Cheyenne, WY
San Francisco and San Jose rose in the rankings from last year—both tied for No. 6 from No. 13 and No. 15, respectively. However homeowners in these areas have a near 1 in 5 odds of a 5 percent drop in home prices within a decade of purchasing their property. In addition, larger home price cuts are predicted in the future based on depressed sales activity in those markets.
Read the full report here.